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Preston Schmidt

Preston Schmidt

Loan Officer
Movement Mortgage
NMLS ID # 967829
7777 Washington Ave S. Suite 105, Edina, MN 55439
Dial Phone Number
p: (651) 319-2000
f: (651) 378-1883
Send E-mail to
e: preston.schmidt@movement.com

Market Update

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August 27, 2021

Why the Fed’s change in timeline affects the housing market

The Federal Reserve will likely begin to taper its bond buying program before the end of the year. As for rate hikes? Don't expect those any time soon. Fed Chairman Jerome Powell spoke from the Fed's meeting in Jackson Hole last week and...

Preston Schmidt
Preston Schmidt
Loan Officer
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7777 Washington Ave S. Suite 105, Edina, MN 55439
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NMLS # 967829

State License #MN-MLO-967829, WI-967829